Thursday, October 18, 2018

FSLAB Changes Embrace CWG Suggestions 

The Code Working Group (CWG) is pleased with how the Select Committee's amendments to the draft Financial Services Legislation Amendment Bill (FSLAB) have reflected the suggestions the CWG made in its submission. Code Working Group Chair,...

Poll

Outsourcing Your Clients’ Claims?

Our latest poll asks you to consider one of the most fundamental services you provide to your clients: helping them with their claims. We're asking you this question because of a trend across the Tasman,...

Industry Consultant’s Reservations On Code Competence Requirements 

Locking in degree level requirements could do more harm than good, says respected industry consultant, Russell Hutchinson. In his submission to the Code Working Group (CWG) consultation paper, he specified his concerns with competence requirements outlined in the...

Commissions to Stay: MBIE

The Ministry of Business, Innovation and Employment (MBIE) has made it clear that banning commissions would achieve little, following the release of its response to submissions on the draft Financial Services Legislation Amendment Bill...

News in Brief

AMP New Appointments  AMP Financial Services has appointed Tim Pritchard as General Counsel and Jacqui Anderson as Head of Legal. Succeeding AMP’s outgoing General Counsel Elaine Campbell, Pritchard has more than 25 years’ legal experience with...

Fidelity Life Special Offer For Farmers

Fidelity Life has announced a financial relief offer to help its farmer customers deal with financial impacts on their business from the mycoplasma bovis disease affecting cattle. Effective 1 August, eligible customers can apply to...

AMP’s Four Steps to ‘Reset’ Its Business

AMP has announced a set of actions it aims to take to put its customers first and foremost and bolster its risk management systems. Among the actions to reset the business, AMP confirmed it has...

Partners Life Reports Soaring Profits

Partners Life has reported a record underlying insurance profit of $22m for the financial year ended 31 March 2018, a 76% increase from $12.5m in the previous year. The insurer attributed the result to the...

FSC and Workplace Savings NZ Awards Open For Nominations 

Celebrating good consumer outcomes and industry conduct, The Financial Services Council and Workplace Savings NZ have announced their annual awards are now open for nominations. The FSC awards recognise the individuals making a difference for...

FSLAB Select Committee Report Missed the Mark, Says Financial Advice NZ

Financial Advice New Zealand CEO, Katrina Shanks, has urged the Government to take another look at the proposed changes to the Financial Services Legislation Amendment Bill. Most importantly, she stressed a revisit to the issue surrounding...